The second quarter earnings season is underway and as many as 166 companies will announce their quarterly numbers for the July-September 2024 period today. Key results to watch out for include that of M&M, Trent, NHPC and Page Industries.Apart from the above, Saven Technologies, Allcargo Gati, AK Capital, Akzo Nobel, Aplab Ltd, Arcee Industries, Arihant Capital, Alembic Pharma, Astral Ltd, Cochin Shipyard, Emcure Pharma, Emami Ltd, Escorts Kubota, Indian Hotels, IndiGo Paints, Lupin Ltd, NHPC and a few others will announce their quarterly results.M&M Q2 expectationsMahindra and Mahindra is expected to report healthy growth in its revenues for the second quarter ended September 2024, driven by tractor and automotive segments. Meanwhile, profits are likely to be muted.Analyst estimates from four brokerages suggest that M&M’s revenue from operations may increase by 10-13% year-on-year (YoY), while net profit could remain largely flat, with a range between a 4% increase to a 2.5% decline YoY.In the preceding June quarter, the company had a standalone net profit of Rs 2,613 crore, which is a decline of 5% year-on-year and revenues rose 12% year-on-year to Rs 27,039 crore.Nuvama Institutional Equities anticipates a 10% YoY increase in revenue to Rs 26,815.8 crore, driven by improved volumes and realizations in both the auto and farm segments.The brokerage also projects a 21% YoY rise in EBITDA to Rs 3,704.3 crore, with adjusted PAT expected to increase modestly by 4% to Rs 3,383 crore.Trent Q2 expectationsTata Group-owned Trent is expected to report a strong revenue growth between 46% and 56% on a year-on-year basis on new store additions during the September ended quarter. The topline is seen between Rs 3,703 crore and Rs 4,512 crore while the bottomline could grow at 59%-74% in Q2FY25 in a wide range of Rs 294 crore to Rs 503 crore.Street would be tracking the company's guidance on store additions along with the demand trends.While Nuvama remains most conservative in its revenue and PAT estimates Kotak remains most bullish on revenue numbers. On Trent’s net profit, Axis remains most upbeat.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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